Stargate Finance
Stargate Finance is a totally composable liquidity transport mechanism at the core of Omnichain DeFi. With Stargate, users and decentralized applications (dApps) can move native assets from one blockchain to another while accessing the protocol's unified liquidity pools, and the transfer is instantly guaranteed to be final. With Stargate, the cosmos is limitless. Stargate is the first project to implement the Ultra Light Node cross-chain LayerZero protocol, which serves as an asset cross-chain bridge to facilitate communication between assets on different chains.
LayerZero Labs established Stargate Finance in March 2022. LayerZero is a protocol that lets all chains work together. On March 15, Stargate Finance was the initial cross-chain bridge app to go live on the main net. The team was started by three people: CEO Bryan Pellegrino, CTO Ryan Zarick, and Caleb Banister. All three graduated from the University of New Hampshire with a CS major, and there are multiple job intersections following graduation. In 2010, the three of them started the software development company Coder Den. Ryan Zarick and Caleb Banister both co-created 80Trill and Minimal AI; OpenToken was founded in 2017 by CEO Bryan Pellegrino. It wasn't until 2021 that the three got back together to form LayerZero Labs.
Stargate Finance was created especially to solve the bridging trilemma. When looking at traditional bridges that connect two blockchains, a method called "fractured liquidity" is used. This method requires that separate pools be kept for the different tokens that are set to be bridged. When using a fractured scheme, each individual chain maintains its own liquidity pool, which is a complex approach for something that should be simple.
LayerZero's ability to transmit information accurately enables Stargate to resolve the bridging trilemma. It improves the efficiency of the entire pool by connecting the liquidity of each blockchain. Stargate's users can offer liquidity on a single blockchain, after which an algorithm distributes sections of the liquidity to other connected blockchains. The process solves the trilemma by providing instant finality that can be guaranteed, transactions with native assets, and unified liquidity.
Omnichain Composability: Stargate currently supports one-click swaps with all assets and all blockchains. This is very helpful because it eliminates the need to trade one asset on one blockchain for another asset on a different blockchain.
On-Demand Cross-Chain Liquidity: Sushi is the first decentralized exchange that utilizes the Stargate platform efficiently. This makes sure that unified liquidity pools can be accessed from any blockchain, which was assured when SushiSwap was released.
The project's own token is named STG. The current uses for STG include: Staking: STG holders may stake their STG tokens in exchange for veSTG, Stargate's governance token. Governance: veSTG was received by staking, STG can be used to vote. The longer the staking period, the more voting power the staker will get.
| DATE | NEWS/EVENTS | IMPACT |
| 07/05/2022 | TerraUSD and LUNA both collapsed and as a result, a number of crypto platforms folded in the aftermath | -32% Decrease |
| 21/04/2022 | Stargate Finance collapses after the launch of Staking Platform | -37% Decrease
|
| 24/03/2022 | Stargate Finance raises $1.9 billion in six days | +66% Increase |
There are many cryptocurrencies and projects for investing, but Stargate Finance offers a robust native asset bridge that other projects lack. Investors have many choices when they join the Stargate Finance platform, whether they want to farm tokens or take part in protocol governance.
Stargate is the first and only bridge capable of resolving the Bridging Trilemma, allowing the wrapping of all existing DeFi applications and offering seamless composability. It eliminates the requirement for decentralized applications to finance or maintain emissions in order to incentivize LPs across many chains by automating cross-chain inventory management and providing on-demand access to liquid inventory.
This concludes the liquidity generation event, providing STG with depth on AMMs as well as protocol-owned liquidity for Stargate.
